Fuel retailers have announced further price increases on some petroleum products again. It will be the third week running for diesel and the second for kerosene, while gasoline prices are expected to stay flat.
In separate advisories, Seaoil Philippines Corp. and Shell Pilipinas Corp. said that effective 6 a.m. on Tuesday, October 8, they will hike the price of diesel by P1.20 per litre and kerosene by P0.70 per litre while the price of gasoline will be unchanged..
Other fuel retailers have yet to make any price adjustments for the week.
Moreover, according to a statement from the Oil Industry Management Bureau of the Department of Energy, it saw potential rollback on gasoline prices and concurrent price hikes in diesel and kerosene, citing fears over possible disruptions in global oil supply due to geopolitical tensions in the Middle East and Hurricane Helene that battered the Southeastern US.
Fuel firms hiked their prices last week by P0.45 per litre of gasoline, P0.90 per litre for diesel, and P0.30 per litre for kerosene.
Adjustments from January 1 until October 1, 2024, show a net increase of P6.40 per litre for gasoline, P2.85 for diesel, and a net decrease of P6.05 for kerosene.
